DANGOTE REFINERY IPO TAKES CENTRE STAGE AT ABUJA TRADE FAIR

Dangote Industries Limited is set to promote the ongoing Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals at the 21st Abuja International Trade Fair.

The company, which is one of the sponsors of the trade fair, will use its Special Day to highlight the refinery and provide information about the ongoing IPO.

The event is expected to provide an opportunity for visitors, businesses and potential investors to learn more about the refinery and its public offering.

Dangote Group President Aliko Dangote has continued to promote the refinery’s expansion and its role in supplying petroleum products to Nigeria and other markets.

The refinery has a production capacity of 650,000 barrels per day and has increased domestic production of petroleum products as operations have expanded.

The IPO is part of efforts to broaden ownership of the refinery and raise capital through the Nigerian capital market.

Dangote Industries Limited has previously secured underwriting support ahead of the planned offering, while approved financial institutions and other platforms have been identified to facilitate participation.

The company said the Abuja trade fair would provide another platform to engage the public and business community on the refinery and its investment offering.